Brandon Truaxe, the 40-year-old founder of Canadian beauty brand Deciem, has died, the company announced Monday in an Instagram post. "Whilst we can't imagine a world without you, we promise to take care of each other and will work hard to continue your vision," the post said. A cause of death was not released. Deciem was founded in 2013 and became a popular global brand known for low prices and customer loyalty. It was on track to make $300 million in sales in 2018, the Canadian Press reported. Truaxe was also known for his erratic behavior, and in October was removed as CEO after the company's largest shareholder, cosmetics giant Estée Lauder Cos. , objected after he temporarily closed all Deciem stores because of what he called "major criminal activity."

A new report has identified a secret headquarters for North Korea's ballistic missile force, complicating ongoing denuclearization talks with the U.S. In a report released Monday, the Center for Strategic and International Studies think tank identified the previously undisclosed base, among one of about 20 previously secret ballistic missile bases it had previously reported on in November. The researchers said the headquarters proves North Korea is not serious about dismantling its nuclear missile program, since the denuclearization talks have focused on shuttering declared and verified bases. The White House said Friday that President Donald Trump was "looking forward" to a second summit with North Korean leader Kim Jong Un to discuss dismantling North Korea's nuclear program. After last year's summit, Trump said North Korea no longer posed a nuclear threat.

Inside Marketwatch

Private-equity giant Apollo Global Management LLC (TICKER:APO) is in advanced talks to acquire RPC Group PLC, one of Europe’s biggest packaging companies, for more than $3.8 billion, according to people familiar with the matter.

Chinese drone maker DJI Technology Co. has discovered massive fraud by some of its employees, which may trigger a loss of around $150 million, Bloomberg News reported Sunday night. Bloomberg said the fraud was found through an internal investigation and multiple employees who inflated costs for personal gain have been fired. DJI did not say how many employees were involved, but called the scheme "extensive." "We are taking steps to strengthen internal controls," DJI, the world's largest producer of drones, said in a statement, according to Bloomberg. "We continue to investigate the situation and are cooperating fully with law enforcement's investigation."

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